Steven T. Dennis

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. This week we're focusing on the debt-ceiling drama. Today, Steven T. Dennis looks at what’s at stake and what’s ahead. Sign up here and follow us at @bpolitics. Email our editors here.

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. We're focusing this week on the debt-ceiling drama. Today, Anna Edgerton and Steven T. Dennis look at how it could end. Sign up here and follow us at @bpolitics. Email our editors here.

The debt-limit deal would rein in spending on some federal government services but barely dents the roughly $20 trillion in combined budget deficits projected over the next decade.

Here's what could happen to programs like Social Security and Medicare, the IRS enforcement and student loans.

The debt-limit agreement forged by President Joe Biden and House Speaker Kevin McCarthy heads into a crucial final stretch with less than a week to win congressional passage before a June 5 default deadline.

El acuerdo del límite de deuda fraguado por el presidente Joe Biden y el presidente de la Cámara de Representantes, Kevin McCarthy, se dirige a una crucial recta final cuando queda menos de una semana para conseguir la aprobación del Congreso antes del plazo del 5 de junio, cuando el país podría caer en default.

WASHINGTON — The debt-limit agreement forged by President Joe Biden and House Speaker Kevin McCarthy heads into a crucial final stretch with less than a week to win congressional passage

Senators reached a deal to expedite passage late Thursday of a debt-ceiling agreement forged by President Joe Biden and House Speaker Kevin McCarthy as a June 5 deadline for a destabilizing US default approaches.

The Senate passed legislation to suspend the US debt ceiling and impose restraints on government spending through the 2024 election, ending a drama that threatened a global financial crisis.

The Senate passed legislation to suspend the U.S. debt ceiling and impose restraints on government spending through the 2024 election, ending a drama that threatened a global financial crisis.The measure now goes to President Joe Biden, who forged the deal with House Speaker Kevin McCarthy and…